Yum Brands KFC CEO exercises and sells shares

Yum Brands KFC Division CEO Scott Mezvinsky reported several equity transactions.

Rhea-AI Filing Summary

Yum Brands KFC Division CEO Scott Mezvinsky reported several equity transactions. He exercised 483 stock appreciation rights into 483 shares of common stock at $68 per share. On the same date, he disposed of 196 shares to the issuer at $168.16 and sold 287 shares in the open market at $166.29, reducing his directly held common stock to zero while holding 4,825 stock appreciation rights. At least one of these trades was conducted pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 287 shs ($48K)

Approx. gross sale proceeds $48K

Approx. exercise cost $33K

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	483	$0.00	$0.00
Exercise	Common Stock	483	$68.00	$33K
Disposition	Common Stock	196	$168.16	$33K
Sale	Common Stock	287	$166.29	$48K

Holdings After Transaction: Stock Appreciation Right — 4,825 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Pursuant to 10b5-1 Plan

FAQ

What insider transactions did Yum Brands (YUM) report for Scott Mezvinsky?

Scott Mezvinsky exercised 483 stock appreciation rights into 483 common shares, then disposed of 196 shares to Yum Brands and sold 287 shares in the open market, all on the same reported date.

How many Yum Brands (YUM) shares did the KFC Division CEO sell?

Scott Mezvinsky sold 287 shares of Yum Brands common stock in an open-market transaction at $166.29 per share, according to the Form 4 insider trading report for the stated transaction date.

At what prices did the Yum Brands (YUM) insider transactions occur?

The Form 4 shows an exercise price of $68 per share, a disposition to the issuer at $168.16 per share for 196 shares, and an open-market sale price of $166.29 per share for 287 Yum Brands common shares.

How many Yum Brands (YUM) shares and rights does the KFC CEO hold after these trades?

Following the reported transactions, Scott Mezvinsky directly holds no Yum Brands common shares and continues to hold 4,825 stock appreciation rights, as detailed in the ownership balances after each transaction entry.

Were the Yum Brands (YUM) insider trades under a Rule 10b5-1 plan?

A footnote states “Pursuant to 10b5-1 Plan,” indicating at least one of the reported Yum Brands transactions was executed under a pre-arranged Rule 10b5-1 trading plan for the insider.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 03:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mezvinsky Scott

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 45024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	KFC Division CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		M		483(1)	A	$68	483	D
Common Stock	03/02/2026		D		196(1)	D	$168.16	287	D
Common Stock	03/02/2026		S		287(1)	D	$166.29	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$68	03/02/2026		M			483(1)	02/17/2021	02/10/2027	Common Stock	483	$0	4,825	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.